1st August is the "Set Date" for finance. That's a bit over 6...

1st August is the "Set Date" for finance. That's a bit over 6 weeks away. Thats when either the risk eases right off (if its a good outcome), or the stress levels rise a notch or two if expectations are not met.
If the outcome is a good one then we will very quickly start seeing announcements around the ordering of mills and crushers and tanks, and we'll continue to see drill results expanding the resource and reserve. We'll have a better understanding of where we will get in what time and at what damage to the cash position.

In the next 6 weeks we will get to have a read through the DFS and either confirm or question our thoughts and assumtions. The DFS will give a good base to work from but I think the DFS will be conservative (and yes I know everyone has been saying John exagerates), but I think a production rate of 50000 ozs will be the initial target (in the DFS). This will hopefully increase to 70K ozs in a relatively short period of time, particularly if they can keep finding good hits at fairly shallow depths - allowing for a bigger open pit which will help keep things "uncluttered", opening up a bigger mine face and allowing for more tons to be bought back to the mill in the same time.
Hopefully the fun is about to start.
Busting


or there could be a delay....... Good luck.